Grivy Sealed Pre-Series A Funding

Grivy, which had just been launched a couple of months ago, announced an undisclosed  Pre-Series A funding from undisclosed sources. The only apparent fact is that a group of investors who got involved in this round are a part of national giant conglomeration. The funding is going to be allocated to educate and introduce Grivy to a broader society, along with the widening of Grivy’s operational coverage, which is currently lilmited to Jakarta and Bali.

Grivy claimed to be the first travel and leisure activity online auction platform in Southeast Asia. At a glance, the platform looks alike to Groupon or Ensogo, but more unique, thanks to their auction concept.

The mechanism for joining an auction at the platform is quite easy. Users may bid higher than the existing bid. Bids are allowed to be made as long as the auction runs, as the bidders whose bids are surpassed will be notified. It’s working method is similiar to that of eBay. The bidders’ competitive nature is what Grivy’s CEO Jan Oudeman called as ‘the beauty of an auction’.

In fact, this competition between bidders was the cornerstone of Oudeman’s idea in establishing the platform. “The last minutes are the peak. That’s when our adrenaline gets challenged. I simply love it,” he revealed.

Responding on the Pre-Series A funding that Grivy just received, Oudeman admitted that he was really happy. It’s undeniable, Oudeman said, that connection is really crucial in business and keeping a relationship with Indonesian investors, so that the future deals may bring Grivy to the top.

“Grivy has grown as we have currently 20 employees today. To hire exceptional talents is quite a challenge, yet we are successful in finding fine individuals with high commitment to turn Grivy into the best travel and leisure activity auction platform in Asia,” he concluded.